WEPN vs SPCK

Comparison between NICHOLAS DEFENSE AND RARE EARTH INCOME ETF (WEPN, ETF) and The SPAC and New Issue ETF (SPCK, ETF).

WEPN vs SPCK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WEPN(ETF)	SPCK(ETF)
Net Assets	$7.20M	$7.20M
Expense Ratio	1.11%	2.32%
Max Drawdown	15.92%	32.87%
Sharpe Ratio	-0.61	-0.14
5Y Beta	1.69	-0.03
P/E Ratio	107.71	N/A
Forward P/E	22.45	N/A
Debt to Equity	47.41%	N/A
P/S Ratio	3.89	N/A
P/B Ratio	4.29	N/A

Net Assets

WEPN

$7.20M

SPCK

$7.20M

Expense Ratio

Winner

WEPN

1.11%

SPCK

2.32%

Max Drawdown

Winner

WEPN

15.92%

SPCK

32.87%

Sharpe Ratio

WEPN

-0.61

Winner

SPCK

-0.14

5Y Beta

WEPN

1.69

Winner

SPCK

-0.03

P/E Ratio

WEPN

107.71

SPCK

N/A

Forward P/E

WEPN

22.45

SPCK

N/A

Debt to Equity

WEPN

47.41%

SPCK

N/A

P/S Ratio

WEPN

3.89

SPCK

N/A

P/B Ratio

WEPN

4.29

SPCK

N/A

WEPN vs SPCK - Holdings Comparison

WEPN and SPCK have 1 common holdings. Overlap is -0.79%

WEPN's top 25 holdings weight is 91.46%. SPCK's top 25 holdings weight is 90.20%.

Rank	WEPN	SPCK
#1	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 7.51%	CASH AND CASH EQUIVALENTS (n/a) - 13.95%
#2	PALO ALTO NETWORKS INC (PANW) - 7.40%	TWELVE SEAS INVESTMENT COMPANY III CLASS A (TWLV) - 6.18%
#3	INVESCO DB BASE METALS (DBB) - 6.28%	BLEICHROEDER ACQUISITION CORP II UNITS (1 ORD CLS A &AMP; 1/3 WAR) (BBCQU) - 6.01%
#4	ONDAS INC (ONDS) - 4.92%	BERTO ACQUISITION CORP (TACO) - 5.77%
#5	VANECK STEEL ETF (SLX) - 4.25%	COHEN CIRCLE ACQUISITION CORP II CLASS A SHARES (CCII) - 4.95%
#6	n/a (PLTR) - 3.95%	FG IMPERII ACQUISITION CORP CLASS A (FGII) - 4.44%
#7	OTHER ASSETS AND LIABILITIES (n/a) - 3.89%	CANTOR EQUITY PARTNERS VI INC ORDINARY SHARES CLASS A (CEPS) - 4.24%
#8	AEROVIRONMENT INC (AVAV) - 3.83%	PRAETORIAN ACQUISITION CORP UNITS (1 ORD CLS A &AMP; 1/3 WAR) (PTORU) - 3.46%
#9	GENERAL DYNAMICS CORP (GD) - 3.47%	ART TECHNOLOGY ACQUISITION CORP UNITS (1 ORD CLS A &AMP; 1/4 WAR) (ARTCU) - 3.45%
#10	BWX TECHNOLOGIES INC (BWXT) - 3.24%	RRE VENTURES ACQUISITION CORP UNITS (1 CLASS A & 1/3 WAR) (RREVU) - 3.45%
#11	GLOBAL X LITHIUM & BATTERY TECH ETF (LIT) - 3.24%	COLLECTIVE ACQUISITION CORP II UNITS (1 ORD CLS A & 1/2 WAR) (CAIIU) - 3.44%
#12	AXON ENTERPRISE INC (AXON) - 3.21%	WEST ENCLAVE MERGER CORP UNITS (1 ORD SHS & 1 RTS) (WENC-U) - 3.12%
#13	ABRDN PHYSICAL PLATINUM SHARES ETF (PPLT) - 3.16%	M3-BRIGADE ACQUISITION V CORP CLASS A ORDINARY SHARES (MBAV) - 2.98%
#14	UNITED STATES COPPER INDEX (CPER) - 3.16%	CANTOR EQUITY PARTNERS I INC CLASS A ORDINARY SHARES (CEPO) - 2.95%
#15	CACI INTERNATIONAL INC CLASS A (CACI) - 3.14%	APOGEE ACQUISITION CORP UNITS (1 ORD CLS A & 1 RTS 1 WAR) (AACPU) - 2.79%
#16	RTX CORP (RTX) - 3.08%	FOREFRONT TECH HOLDINGS ACQUISITION CORP UNITS (1 ORD CLS A & 1/2 WAR) (FTHAU) - 2.76%
#17	L3HARRIS TECHNOLOGIES INC (LHX) - 3.08%	ART TECHNOLOGY ACQUISITIO (n/a) - 2.74%
#18	LOCKHEED MARTIN CORP (LMT) - 2.83%	MELAR ACQUISITION CORP I ORDINARY SHARES CLASS A (MACI) - 2.24%
#19	USA RARE EARTH INC (USAR) - 2.78%	PROEM ACQUISITION CORP I UNITS (1 ORD SHS & 1/2 WAR) (PAACU) - 2.08%
#20	GLOBAL X URANIUM ETF (URA) - 2.69%	CAMBRIDGE ACQUISITION CORP UNITS (1 ORD CLS A &AMP; 1/3 WAR) (CAQUU) - 2.07%
#21	KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.65%	SOCIAL COMMERCE PARTNERS CORP UNITS (1 ORD CLS A &AMP; 1/2 WAR) (SCPQU) - 1.48%
#22	NORTHROP GRUMMAN CORP (NOC) - 2.64%	DIGITAL ASSET ACQUISITION CORP UNITS (1 ORD CLS A & 1/2 WAR) (DAAQU) - 1.47%
#23	ALCOA CORP (AA) - 2.47%	ACTIVATE ENERGY ACQUISITION CORP UNITS (1 ORD CLS A &AMP; 1/2 WAR) (AEAQU) - 1.40%
#24	HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.44%	M EVO GLOBAL ACQUISITION CORP II UNITS (1 ORD CLS A & 1/2 WAR) (MEVOU) - 1.39%
#25	n/a (MP) - 2.15%	ARCHIMEDES TECH SPAC PARTNERS III CO UNITS (1 ORD SHS &AMP; 1/4 WAR) (ARCIU) - 1.39%
Total Holdings	91	41

WEPN vs SPCK - Historical Returns

Returns include dividend reinvestment.

Period	WEPN	SPCK
1 month	-0.51%	-0.26%
3 months	-5.19%	+0.86%
6 months	N/A	+0.82%
1 year	N/A	+0.96%
5 years(CAGR)	N/A	-1.67%
Max(CAGR)	-21.78%	+1.15%

WEPN

-0.51%

Winner

SPCK

-0.26%

WEPN

-5.19%

Winner

SPCK

+0.86%

WEPN

N/A

SPCK

+0.82%

WEPN

N/A

SPCK

+0.96%

5Y(CAGR)

WEPN

N/A

SPCK

-1.67%

Max(CAGR)

WEPN

-21.78%

Winner

SPCK

+1.15%

WEPN vs SPCK - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	WEPN	SPCK
2026	-6.57%	+1.29%
2025	N/A	+7.85%
2024	N/A	+2.84%
2023	N/A	-4.26%
2022	N/A	-12.31%
2021	N/A	+9.66%
2020	N/A	+3.00%

WEPN vs SPCK Drawdown Comparison

The maximum drawdown for WEPN was -15.13%, occurring on Mar 30, 2026. Recovery took 61 trading sessions.

The maximum drawdown for SPCK was -28.29%, occurring on Feb 8, 2023. This drawdown has not yet recovered.

The current WEPN drawdown is -8.59%. The current SPCK drawdown is -17.04%.

Rank	WEPN	SPCK
#1	-15.13% Mar 4, 2026 - Jun 1, 2026	-28.29% Feb 16, 2021 - Feb 8, 2023
#2	-12.72% Jun 1, 2026 - Jun 10, 2026	-6.44% Jan 25, 2021 - Feb 2, 2021
#3	N/A	-1.94% Dec 28, 2020 - Jan 7, 2021
#4	N/A	-1.27% Jan 14, 2021 - Jan 20, 2021
#5	N/A	-1.15% Feb 8, 2021 - Feb 16, 2021